Grant Thornton's Financial Services practice is a premier service provider to the mutual fund industry, lending guidance through all aspects of audit, regulatory reporting and tax requirements.
The United States leads the world in financial asset management, including managing almost 60 percent of the world’s mutual funds. Globalization of the securities markets, after-hours trading, and new financial instruments and products have led to enormous growth of the U.S. mutual fund and investment management industry.
Our approach allows for an efficient audit of mutual funds based on:
Our tax group works with the audit team and client management to evaluate the federal, state/local and international provisions for each reporting entity. We consider Subchapter M qualifications, financial statement tax disclosures and year-end dividends, all in conjunction with annual audits. Our goal is to identify opportunities for tax minimization and efficient tax reporting.
For additional information, please contact Laura Kucera, national Financial Services marketing leader, at 212.624.5544.
Grant Thornton LLP’s Asset Management practice provides premier services to registered investment companies, helping them navigate today’s audit, regulatory and tax requirements. Having served registered investment advisers for more than 40 years, Grant Thornton is familiar with a variety of fund structures. We help mutual fund administrators and sponsors formulate efficient and effective solutions by leveraging the processes and controls of asset managers, transfer agents and other service providers; standardizing many aspects common to most mutual funds (e.g., asset pricing, diversification testing); and using our industry knowledge to help mutual funds navigate the regulatory and reporting requirements of registered investment companies